Controlling Your Risk Finance Destiny: Strategic Alternatives to Traditional Insurance with Pete Kranz
July 23, 2025
We're coming to you LIVE from Riskworld 2025! In this episode of Risk Management: Brick by Brick, host Jason Reichl sits down with Pete Kranz, Senior Vice President at Alliant Insurance Services, for an in-depth discussion on controlling your risk finance destiny through strategic alternatives to traditional insurance.
Discover why many companies are buying too much insurance, how to strike the right balance between retention and transfer, and the critical importance of actuarial analysis in making informed risk decisions. Learn about the essential relationships between risk managers, CFOs, and general counsel, and why Pete believes the key to success isn't selling products—it's delivering the right strategic advice.
We're coming to you LIVE from Riskworld 2025! In this episode of Risk Management: Brick by Brick, host Jason Reichl sits down with Pete Kranz, Senior Vice President at Alliant Insurance Services, for an in-depth discussion on controlling your risk finance destiny through strategic alternatives to traditional insurance.
Pete brings a unique perspective as a CPA-turned-risk-strategist with over 17 years in captive management and alternative risk financing. He breaks down the evolution from "buy deductible, buy limit" thinking to a holistic approach that can save companies millions while providing better risk control.
Discover why many companies are buying too much insurance, how to strike the right balance between retention and transfer, and the critical importance of actuarial analysis in making informed risk decisions. Learn about the essential relationships between risk managers, CFOs, and general counsel, and why Pete believes the key to success isn't selling products—it's delivering the right strategic advice.
To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Podcast Host: Jason Reichl
Executive Producer: Don Halliwell
Episode Highlights:
- 00:00 - Intro: Meet Pete Kranz from Alliant Insurance Services
- 02:46 - From CPA to Risk Finance: Pete's Unconventional Journey
- 03:37 - The Art of Balancing Risk Retention vs Transfer
- 05:29 - Why Market Volatility Demands Creative Risk Structures
- 07:44 - Leadership Lessons: Supporting Talent and Avoiding Selfishness
- 08:48 - How to Identify a Strategic Partner vs. Just Another Broker
- 10:34 - Rethinking Captives: Tools, Not Solutions
- 11:44 - The Biggest Blind Spot in Total Cost of Risk
- 13:52 - Risky or Too Risky: Pete's Rapid-Fire Risk Assessment Game
- 17:00 - Advice for Insurance Industry Newcomers
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Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:
- Managing Your Risk Portfolio with Seth Hausman
- Focusing on Specialization with Matthew Meyer
- Risk Management is Everywhere with Diana Rich
If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest